About This Deal

IDEX Corporation acquired ADS, LLC (formerly Nova Technologies Corporation) for approximately $156-160 million (cash), a transaction completed in January 2008, structured as all cash.

ADS, LLC (formerly Nova Technologies Corporation) operates in Fluid & Metering Technologies (Water), is based in Huntsville, Alabama, USA, had revenue of about approximately $70 million annual revenue. Leading provider of metering technology and flow monitoring services for the water and wastewater markets. Headquartered in Huntsville, Alabama, with regional sales and service offices throughout the United States and Australia.

Expands IDEX's position in water/wastewater metering and monitoring; later leveraged by the iPEK and IETG acquisitions.

Water reporting unit within the Fluid & Metering Technologies segment

Deal Terms

Acquirer
IDEX Corporation
Target
ADS, LLC (formerly Nova Technologies Corporation)
Value
Approximately $156-160 million (cash)
Date
January 2008
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Huntsville, Alabama, USA
Segment
Fluid & Metering Technologies (Water)
Structure
All cash
Target revenue
Approximately $70 million annual revenue
Announced
November 13, 2007
Closed
January 1, 2008

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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